Coal Plant Decommissioning Services Revenue Will Total $5.3 Billion From 2013 to 2020

August 6, 2013

Driven by tightening environmental regulations, competition from natural gas plants, and public pressure for cleaner sources of electricity, utilities will retire record numbers of aging coal plants between 2013 and 2020.  The coming wave of retirements offers significant opportunities to the companies that will carry out the decommissioning processes.  According to a new report from Navigant Research, worldwide revenue from coal plant decommissioning services will total $5.3 billion from 2013 to 2020.

“Utilities and other plant owners face a series of complex decisions in retiring aging coal plants,” says Richard Martin, editorial director with Navigant Research.  “Developing a strategic plan, in consultation with a company that has experience in these major plant decommissioning projects, will be a critical element of the process of retiring these facilities and remediating the associated environmental issues.”

Actual demolition of the plant is not likely to be the most costly part of the decommissioning process, according to the report, and the value of the scrap metal from the plant on the open market will, in some cases, fully offset the cost of demolition.  Environmental remediation will be the most expensive phase of many decommissioning projects.  In particular, disposing of coal ash, typically stored in ponds onsite, will present a serious challenge in carrying out decommissioning projects.

The report, “Coal Plant Decommissioning”, examines the market for coal plant decommissioning, taking into account the full range of options for plant owners in deciding the fate of these facilities.  The report includes forecasts for North America and Western Europe for both the number of coal plant retirements and the revenue from coal plant decommissioning, through 2020.  Key players in this market are profiled, and conclusions and recommendations for both plant owners and providers of decommissioning services are provided as well.  An Executive Summary of the report is available for free download on the Navigant Research website.

Contact: Richard Martin

+1.303.493.5483

richard.martin@navigant.com

* The information contained in this press release concerning the report, “Coal Plant Decommissioning,” is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.

Register to Receive Updates

Sign up or login to receive free newsletters, research updates, access to webinars, and other analyst content from Navigant Research.

Research News

Rss
Smart Thermostats Are Expected To Reach Nearly $2.3 Billion in Annual Revenue by 2023
December 19, 2014Interest is growing among utilities, businesses, and consumers, report finds • A recent report from Navigant Research analyzes the global market opportunities for smart and…
Read More »
Revenue from Zero Energy Buildings is Expected to Total Nearly $4.6 Trillion Through 2035
December 18, 2014Government regulations are the most important driver for the spread of ZEBs, report concludes • A recent report from Navigant research defines and analyzes the global market for zero…
Read More »
Utility Distribution Microgrids are Expected to Reach Nearly $6 Billion in Annual Revenue by 2023
December 17, 2014Public power, grid-tied systems represent the fastest-growing segment of the UDM market, report concludes • A new report from Navigant Research analyzes the global market opportunity for utility distribution…
Read More »
Commercial Building Automation Systems are Expected to Exceed $86 Billion in Annual Revenue by 2023
December 15, 2014The revolution in energy efficient lighting is helping to drive the overall market for building automation, report finds • A new report from Navigant Research analyzes the global market for commercial building automation…
Read More »
View All News

{"userID":"","pageName":"Coal Plant Decommissioning Services Revenue Will Total $5.3 Billion From 2013 to 2020","path":"\/newsroom\/coal-plant-decommissioning-services-revenue-will-total-5-3-billion-from-2013-to-2020","date":"12\/20\/2014"}